Nigeria as a country and indeed all socially
responsible and law abiding individuals, groups, organizations and corporate
citizens will derive valuable benefits from imbibing a culture of tax
compliance. The benefits derivable include but are not limited to:
responsible and law abiding individuals, groups, organizations and corporate
citizens will derive valuable benefits from imbibing a culture of tax
compliance. The benefits derivable include but are not limited to:
- Providing
sustainable finance and funding for governance, public and social services
and economic development. - Promoting
civic responsibility, patriotism by citizens and social responsibility by
corporate citizens. - Stimulating
priority social and economic activities and sectors while discouraging
less preferred ones. - Bringing
about the redistribution of wealth and bridging sharp disparities in
living standards. - Giving
taxpayers the moral and legal right to demand for (thereby engendering) a
culture of accountability. - Serving
as a gauge for measuring the level, growth and health of economic units
and economic activities. - Individuals
and corporate organizations are conferred with definite benefits, rights
and privileges in the system based on their tax compliance status. - Tax
compliance enables law abiding citizens to avoid the consequences,
penalties and sanctions of non-compliance.
Ed’s
Note: This article was originally published on the FIRS website here.
Note: This article was originally published on the FIRS website here.